News by M

A decade ago, penthouses were fashioned as bungalows in the sky. The higher the altitude and the bigger the penthouse, the loftier the price per square foot. The period after the global financial crisis marked an era in which luxury came with smaller spaces and more palatable price tags.

Overall, capital values in Jalan Ipoh have grown slightly. The highest relative price growth was at Pelangi Indah, with the average price up 23.9% y-o-y to reach RM276 psf in 1Q2015. This was followed by Permai Ria Condominium (up 21.2% to RM304 psf) and Sri Intan (up 20.1% to RM316 psf).

Cahya Mata Sarawak Bhd (CMS) is bidding for one of the 10 packages for the Sarawak side of the Pan Borneo Highway mega project, said its group chief financial officer Syed Hizam Alsagoff.

KLCCP Stapled Group, which comprises units in KLCC real estate investment trust (REIT) stapled together with the shares of KLCC Property Holdings Bhd, expects a 1% to 2% revenue increase in the current financial year ending Dec 31, 2016 (FY16), as it adds 45,000 sq ft of office space to its office rental income.

MTUC secretary general N Gopal Kishnam said this would help Putrajaya's efforts in providing affordable housing for low- and middle-income workers.

MRCB-Quill Real Estate Investment Trust (MQREIT) does not expect to be significantly affected by the current office space oversupply, as only 7% of its net lettable area (NLA) will be up for renewal in July.

As a mature neighbourhood, most of the homes are dated, affordable and mid-end ones, except those in Sentul West.

With IBS being used in the construction industry, the number of unskilled workers in the country can also be reduced and focus can be placed on pre-fabricated and modular construction.

LBS Bina Group Bhd's share acquisition of ML Global Bhd could see its earnings increase moderately by 5% to 6% beginning from the second or third quarter of financial year 2016 with the full consolidation of the latter's account, according to a research report.